Peter DeLuca

Jul 10, 2019

I will not invest with Alpha again. In the GP Fund I, they are not following the written, legal documented requirements of the Operating Agreement with respect to distributions of proceeds from sale of properties. Jide claims the OA does not require to distribute the proceeds at a sale, but it does. He decided to invest part of the proceeds in 2 existing Alpha investments that were long-ago filled. This not only retains our capital longer (in volation of the OA), but also dilutes the other Alpha equity investors in the other 2 Alpha properties.